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For employees at Uber, quitting the company often means walking away from restricted stock units or stock options worth hundreds of thousands, if not millions,
by ckastner 10y ago
For employees at Uber, quitting the company often means walking away from restricted stock units or stock options worth hundreds of thousands, if not millions, of dollars in Silicon Valley’s most highly valued private company. With Uber currently worth about $70bn [...]
FT makes it sound like this is hard cash that employees are walking away from. The options are paper money, and $70bn is not was Uber is "worth", but merely a valuation projected from the most recent investment round.
- kubatyszko 10y agoEspecially when it goes down under - the paper money value essentially becomes zero. The only semi-positive outcome would be acquisition, but with Lyft doing "okay" I'm not even sure there are other options...